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periodically. i think it is fair to say that after this recession that began in 2007 p us very deep in the hole, it is going to b e a long battle to get out of that deep of a recession so we have had positive private sector j growth for 8 months but i don't think the unemployment rate will be coming down significantly any time in the near future. >> chris: do you think it will be -- it is nowen 9.6%. end of this year? >> look, i try to stay out of ecasting gamesfor other than our official forecasts. i think it is clear that the labor market is significantly weakened, has been for some time. we have to do everything we can to create jobs and get people back to work. >> chris: could it be 10% by thend of the year? goi >> i'm not going to speculate. we have specific forecasts and we will release them when they come out. >> chris: but you don't expect it to do down appreciably. >> i don'txpect it to go down appreciably. >> chris: the report expectd that gdp would be 3% this year. in the second quarter it already dropped to 1.6%. what is the forecast now for the second half of this year? >> well, as
. >>> and that does it for us. chris wallace up >> chris: i'm chris wallace, and this is "fox news sunday." with the mid-term election just 51 days away, the battle over the economy is going. the president offers a new plan and steps up the attack on republicans. the g.o.p. calls it too little, too late. we'll discuss the economy and the campaign with austan goolsbee, the new chair of the president's council of economic advisors. and former house speaker newt gingrich. then the anniversary of 9/11. the controversy over the ground zero mosque, and the threat to burn the quran. we'll ask our sunday group about the new tension in america's relationship with islam. and our power player of the week. trying to restore a once great team to its former glory. all right now on "fox news sunday." and hello again from fox news in washington. the political battle lines are now drawn can over what should be done to shore up the nation's economy. we'll talk with former republican house speaker newt gingrich in a few minutes but we begin with the first interview of the new chair of the president council
to say that after this recession that began in 2007 put us deep in the hole. it will be a long bat to get out of that deep of a recession. posor so we've had pitive private sector job growth -- >> cis: i'll get to that. >> i don't think the unemployment rate will be coming down significantly anytime in the near future. >> it's now 9.6%. end of this year? >> look, iry to stay out of the forecasting games other than o official forecast. it's clear that the labor market is gnificantly weaked. has been for some time. we have to do everything we can to try to create jobs and get people back to work. >> chris: could it be 10% by the end of the year? >> as i say, i'm not going to speculate. we have official forecasts and we'll release them when they come out. we need to -- >> chris: you don't expect it to go down appreciably -- >> i don't expect it to go down appreciably. our forecast and other forecasts say the same thing. >> chris: you predicted the economy, g.d.p. would be 3% growth this year. in the second quarteit already opped to 1.6%.s what is your forecast now for the second half of this
Search Results 0 to 4 of about 5 (some duplicates have been removed)